Dewey LeBoeuf cuts lawyers by 5%

Dewey & LeBoeuf has embarked on a cost-cutting program that will result in a global reduction of 5% in the firm’s lawyers and 6% in the firm’s staff.

According to legalweek.com, the cuts are attributable to a rise in expenses and the need to align resources with demand. The firm’s recent annual compensation review saw a number of partners leave after the compensation committee reduced their pay.